Western Forest Products (TSE:WEF) Hits New 12-Month Low – Time to Sell?

Western Forest Products Inc. (TSE:WEF)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.40 and last traded at C$0.41, with a volume of 693710 shares changing hands. The stock had previously closed at C$0.42.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped their price objective on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a report on Friday, November 8th.

Western Forest Products Stock Performance

The firm has a 50-day simple moving average of C$0.47 and a 200-day simple moving average of C$0.47. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43. The stock has a market cap of C$128.28 million, a PE ratio of -2.89, a P/E/G ratio of 0.32 and a beta of 1.81.

Western Forest Products (TSE:WEF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The company had revenue of C$241.70 million for the quarter, compared to analysts’ expectations of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. Equities analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.